The plan’s investment subcommittee will consider domestic mid-cap value and emerging markets equity replacement options at an upcoming meeting.
The commitment is part of a private equity buildout.
The plan’s investment committee approved a real estate commitment with an existing manager last week.
The plan amended its five-year asset allocation plan to include a maiden target to tactical opportunities and approved three pacing plans in alternatives asset classes last week.
The plan will interview three domestic large-cap growth equity managers at a June 9 investment committee meeting.
The plan disclosed four private equity commitments yesterday.
The plan is seeking a firm to fill its maiden 8.5% target to core-plus fixed-income.
The plan committed $4.4 million total to an existing venture capital manager relationship last month.
The plan authorized a search to replace a terminated domestic large-cap growth equity manager and will issue a private equity consultant RFQ soon.
He joined Marquette Associates this month after working at Segal Marco Advisors for eight years.